Accenture has entered into an agreement to acquire Structure, a provider of consulting, system integration and customised solutions and services to energy and utilities clients. The transaction will expand and enhance Accenture’s deep experience and capabilities in smart grid solutions, especially grid operations, as well as energy commodity trading and risk management (CTRM). Terms of the transaction were not disclosed, and the acquisition is subject to regulatory review and other customary closing conditions.
Omar Abbosh, senior managing director, Accenture Resources operating group said, “Structure’s capabilities in grid operations and power systems engineering, combined with Accenture’s global strengths in information technology (IT), will provide our clients with comprehensive end-to-end solutions and services to support the integration of operational technologies with IT systems, forging a path toward a smarter, more digital grid. This includes the deployment of advanced distribution management systems and automation solutions, as well as improved outage management and grid analytics.
He adds, “We also plan to combine Structure’s market operations and commodities trading services with Accenture’s capabilities in digital asset management to help our clients optimise their commercial positions.”
“Joining forces with Accenture will provide our clients and our employees with a unique opportunity to extend our capabilities to offer critical business solutions on a global scale,” said Lelon Winstead, Structure managing partner.
